NOT LISTED FOR SALE

1091 Us Highway 2 W Saint Ignace, MI 49781

Estimated Value: $547,207

-- Bed
-- Bath
-- Sq Ft
1.9 Acres

Last Sold June 02, 2022

Last sale price $500,000

Est. 9% increase in value since last sale

Current estimated payment $3,402/month

1 Day on Market

About This Home

As of June 2022

What a great investment opportunity! Located within 3 miles of the Bridge and 3.5 miles from the Ferry, this motel property has been converted to a 9 unit efficiency apartment building allowing for consistent & steady cash flow. The 5 one bedroom units lease for $700 and the 4 two bedroom's lease for $750. The upper level unit is ideal for an onsite managers unit complete with a 608' deck with views of the Lake! There is an onsite coin laundry for all units to use. Tenants pay for electric which is heat & water, owner pays for cable, internet & water currently. Leases are all on a month to month basis but long term rental history for most. Last unit (2nd level) will be leased as of June 1st.

Sale to include parcel #008-023-026-10 and 008-900-072-00

Last Listed By

Taressa Sprick

@HomeRealty Holland License #6501278821 Listed on: 04/25/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1958

Lot Details

  • 1.9 Acre Lot

Parking

  • 12 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Baseboard Heating
  • Septic System
  • Cable TV Available

Community Details

  • 2 Buildings
  • 9 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,411

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1958
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 500000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 1.9
  • Lot Size Area: 1.9
  • Lot Size Sq Ft: 82764.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 3411.12
  • Tax Year: 2021

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $500,000 0.0% --
04/26/2022 04/26/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $500,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,071 $172,600 $0 $0
2023 $2,400 $174,200 $0 $0
2022 $2,400 $104,600 $0 $0
2021 $3,175 $98,500 $0 $0
2020 $3,552 $115,100 $0 $0
2019 $3,486 $119,500 $0 $0
2018 -- $105,600 $105,600 $0
2017 -- $100,300 $100,300 $0
2016 -- $100,700 $100,700 $0
2015 -- $103,400 $0 $0
2012 -- $100,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Taressa Sprick

    Seller's Agent in 2022

    Taressa Sprick

    @HomeRealty Holland

    (616) 218-9026

    261 Total Sales

    Taressa Sprick
    Section Image

  • W

    Buyer's Agent in 2022

    WMLAR Non Member

    WMLAR NON MEMBER

    162 Total Sales

    WMLAR Non Member
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22014345

Southwestern Michigan Association of REALTORS®

APN: 49008-023-023-00

Michigan Mackinac County Saint Ignace 49781

1091 Us Highway 2 W, Saint Ignace, MI

Homes for Sale in Saint Ignace, MI

This home is located at 1091 Us Highway 2 W, Saint Ignace, MI 49781 since 25 April 2022 and is currently estimated at $547,207. This property was built in 1958. 1091 Us Highway 2 W is a home located in Mackinac County with nearby schools including Gros Cap School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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